@daveramsey: Many people spend a LOT of money to impress people with their car at a stoplight. And meanwhile, their new car is losing 60–70% of its value in the first four years that they drive it. So they turn $50,000 into $15,000 and then scratch their head and wonder why they can't get ahead financially.   What if all your investments lost 70% every four years? Everyone knows that's a formula for not getting rich.   Now, if you've got enough money that you can afford to throw $35,000 away and it not matter, then you can afford to drive a car that expensive.   But what most people mean when they say "I can afford it" is "I think I can pay the payments if I keep my job." Let me help you with a new definition of "I can afford it": I wrote a check and paid for it. #car #cars #moneyadvice

Dave Ramsey

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Saturday 22 June 2024 16:37:55 GMT